While you're right that deflation would decrease the value of assets, it will also have other impacts that will negatively effect the poor (as well as the wealt

While you're right that deflation would decrease the value of assets, it will also have other impacts that will negatively effect the poor (as well as the wealthy). Liquid assets, such as cash, become more valuable, so investment in creating new assets will decrease, such as starting a business, investing in stocks, business loans, etc. will decrease. This will likely stifle growth, which would likely disproportionately impact those already at the bottom in lower wages and fewer jobs. If companies are playing someone $10 an hour today, and the value of a dollar drops by 50%, business will start lowering salaries to $5. The very wealthy, on the other hand, have access to international markets/investments and would be able to flee the deflationary effect. Such as Eric Schmidt becoming a citizen of Cyprus to avoid taxes. https://www.vox.com/recode/2020/11/9/21547055/eric-schmidt-google-citizen-cyprus-european-union https://www.vox.com/recode/2020/11/9/21547055/eric-schmidt-g... -edit grammatical error